By Guest 
Is Satochi Nakamoto Selling Bitcoin? If So, Why? The Father of Cryptocurrency is Allegedly Selling His Bitcoins.
A fascinating theory suggests that Satoshi Nakamoto has been selling Bitcoin since 2019, using a clever strategy to keep his identity hidden all these years.
According to CoinTelegraph, researchers have proposed a new theory about Nakamoto, claiming the Bitcoin creator never stopped his activities. Since 2019, he has allegedly been strategically selling his Bitcoin reserves through his early wallets.
The research firm BTCparser claims that several Bitcoin wallets created in 2010, each containing 50 BTC, became active for the first time in November 2019. BTCparser refers to these wallets as the “2010 Mega Whale” and speculates that Nakamoto may own them, slowly liquidating his holdings. The firm further argues that Nakamoto intentionally abandoned his 2009 wallets to avoid drawing traders’ attention. BTCparser noted:
“We suspect the mysterious 2010 Mega Whale might actually be Satoshi Nakamoto. However, this is just a theory, not a conclusion. If Satoshi is behind these wallets, it highlights his meticulous efforts to safeguard his privacy. With access to BTC minted in 2010, there would be no need to use his original 2009 wallets, which would attract undue attention. This strategy ensures anonymity and minimizes the risk of revealing his identity.”
How Satoshi Allegedly Sells Bitcoin
The Bitcoins in question were first consolidated into a single P2SH address, often used as an escrow, before being sent to various bech32 addresses. Escrow systems typically have lower transaction fees and utilize blockchain space more efficiently.
Approximately $5 million in Bitcoin was sold from these addresses in November 2019. Subsequent sales occurred in March and October 2020, totaling between $6-8 million and $11-13 million, respectively. Most recently, on November 15, 2024, these wallets sold $176 million worth of Bitcoin.
The increase in the volume of sales aligns with Bitcoin’s price surges, suggesting that the whale is strategically timing the transactions.
Coinbase’s Potential Role
BTCparser noted that Coinbase may hold additional information about the individual or entity behind these transactions, as they were processed through its platform. However, intermediaries may have been used to obscure the source.
Speculations on Satoshi’s Identity
In October, an HBO documentary controversially suggested that prominent Bitcoin advocate Peter Todd might be Satoshi Nakamoto. Todd denied the claim, and most industry experts dismissed HBO’s evidence as weak. Names like Nick Szabo, Adam Back, and Hal Finney have long been associated with Satoshi’s identity. Szabo and Back have consistently denied being Satoshi, while Finney, who passed away in 2013, also refuted such claims during his lifetime.